News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Doorkee raises $5.7m seed to help landlords, tenants have better moving experience

New York two-sided tenancy platform raised $5.7m in Seed funding led by Simon Baron Development, Corigin Ventures, and Alpha Edison.

That’s where Doorkee comes in: The 1-year-old New York startup is developing an all-in-one digital platform that creates a peer-to-peer...…

Read More…

Investing in Runway

San Francisco based financial and data analytics startup raised $4.5m in Seed funding led by a16z.

In many ways, the important fintech categories are a race between traditional tech teams figuring out finance and financial services...…

Read More…

Automating payments for the corporate sales force leads to a $10m windfall for Spiff

Utah based payments software for sales commissions raised $10m in Series A funding led by Norwest Venture Partners.

“Commissions are a major cause of anxiety for teams who don’t understand or trust their incentive plan and many waste hours every month...…

Read More…

Visa unveils AI-based credit application fraud prevention tool

Visa has built a digital tool that uses AI and proprietary data to help US financial institutions predict credit application fraud.

The Advanced Identity Score combines AI and predictive machine learning capabilities with application and identity-related data to...…

Read More…

Amid Covid stress-test, investors keep betting on LatAm fintechs

Brazilian SME lender BizCapital’s Series B is recent proof that fintech investment amid Covid is still possible – albeit tougher.

“I think the amount of things that we were doing, and were able to do, to confront the crisis, helped us closed the round,” says...…

Read More…

Square gets back into food delivery less than a year after selling Caviar

Dorseys’s payments company announced a new option for restaurants & stores to have products delivered to customers.

Wednesday’s announcement underscores Square’s effort to beef up online offerings for small businesses that are being hit especially hard...…

Read More…

Openly raises $15m in Series A funding

Boston based provider of homeowners insurance platform raised $15m in Series A funding led by Obvious Ventures. 

Since launching in late 2019, Openly has seen rapid adoption of its home insurance product and has expanded its coverage, currently on...…

Read More…

RenoFi raises $6.4m in Series A funding

Philadelphia based home renovation loan provider raised $6.4m in Series A funding led by Canaan Partners.

“Most lenders have this major gap in their product suite, and are not offering renovation loans. RenoFi provides the platform that makes...…

Read More…

Cedar raises $102m in Series C funding to improve patient financial engagement

New York based health care financial engagement platform raised $102m in Series C funding led by Andreessen Horowitz. 

“The COVID-19 pandemic has put a spotlight on many of the inefficiencies and archaic processes across our current health care system...…

Read More…

Checkout.com triples valuation to $5.5b, making it one of Europe’s top fintech startups

London based online payments startup raised $150m in Series B funding led by Coatue Management at a $5.5b valuation.

Founded in 2012, the London-based company sells a software platform that makes it easier for businesses to process and take payments over...…

Read More…

BizCapital raises $12m in Series B funding

Brazil based online lender BizCapital raised $12m in Series B funding led by DEG , the German development finance institution. 

The capital raised will be directed at accelerating the development of new product offerings to Brazilian SMEs, as well as to continue...…

Read More…

Market data infrastructure platform MayStreet raises $21m in Series A funding

New York based market data infrastructure platform raised $21m in Series A funding led by Credit Suisse Asset Management's NEXT Investors.

Commenting on the investment, Patrick Flannery, MayStreet CEO and Co-Founder, said: “For firms across our industry –banks, quantitative...…

Read More…

Credit-focused fintech startup Upgrade raises $40m after reaching $100m run rate

San Francisco based challenger banks raised $40m in Series D funding led by Santander InnoVentures at a $1b valuation.

The startup told TechCrunch that ten million individuals have applied for credit from the company. That demand has led to rising loan...…

Read More…

Anthos Capital and NBA All-Star Baron Davis back LA-based college tuition savings service, UNest

Los Angeles provider of financial planning and savings tools for parents raised $9m in Series A funding led Anthos Capital.

“To me the investment in UNest is a great opportunity to help my community. It aligns with my vision that all kids deserve a chance to...…

Read More…

Singapore's GIC leads $102m funding in AI asset management firm Pagaya

New York and Tel Aviv based AI-driven asset management firm raised $102m in Series D funding led by GIC. 

“The world is changing quickly and investors need a performance edge — more and more are turning to Pagaya,” said Gal Krubiner, Pagaya’s...…

Read More…

Lemonade files to go public

The New York startup has filed with the SEC to raise $100m in an IPO on the NYSE. The company reported annualized revenue of $100m.

Launched in 2016, Lemonade provides insurance for renters and homeowners in the U.S. that covers stolen or damaged property, as well as...…

Read More…

New SEC rules on crowdfunding would be a boost to capital raising for startups

SEC proposes raising the cap on the amount private companies can raise online via an investment portal under Regulation CF to $5m a year.

Beyond the important step of raising the annual ceiling to $5 million, the proposed SEC rule revisions include a host of other changes...…

Read More…

Amazon partners with Goldman Sachs on new line of credit offering

Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs for up to $1m. 

The move — the latest high-profile collaboration between the worlds of technology and banking — is the first time Amazon will let a...…

Read More…

Insurance data analytics platform Planck raises $16m Series B

New York based data analytics platform for insurance providers raised $16m in Series B funding led by Team8 Capital.

Co-founder and CEO Elad Tsur told TechCrunch it currently works with “dozens of commercial insurance companies in the U.S., and among...…

Read More…

Dispute management platform Chargeback raises $6.6m

Utah based dispute management platform for merchants raised $6.6m in Series A1 funding led by Fintop Capital and Next Frontier Capital.

John Munro, CEO, Chargeback, says: "With the rise of e-commerce spending during the COVID-19 pandemic, merchants have seen a rise in...…

Read More…

Trio of top banks join $27m funding round in H4

London based digital documentation startup raised $27m in venture funding from JPMorgan, Goldman Sachs, Barclays, and Linklaters.

“The need for meaningful solutions in the digital document space across financial services is immense,” says Sarah Shenton, a growth...…

Read More…

Fintech start-ups eye life outside the sandbox

UK fintech companies have come of age during the current crisis, but there are calls for regulatory change to help them grow even faster.

Among those selected by the state-owned British Business Bank to process applications were online bank Starling, peer-to-peer platform...…

Read More…

iBanFirst raises $23.8m for its borderless financial services

France based international payments and FX platform raised €21m in Series C funding from Elaia and Bpifrance’s Large Venture fund.

As for getting paid, iBanFirst gives you your own banking information in 30 currencies. You can share a Turkish IBAN, an American account...…

Read More…

Propzy, a Vietnamese offline-to-online real estate platform, raises $25m Series A

Vietnam based consumer real estate platform raised $25m in Series A financing led by Gaw Capital and SoftBank Ventures Asia.

“We’re carrying an all-time high pipeline of deals, as consumers start to have more confidence and know where the market will be in two...…

Read More…

Squire Technologies secures $34m in Series B funding

NYC based barbershop management and point of sale system software platform raised $34m in Series B funding led by CRV.

Led by Songe LaRon, co-founder and CEO, and Dave Salvant, co-founder and President, Squire provides barbers and shop owners with the...…

Read More…

Sun Exchange raises $3m for crypto-driven solar power in Africa

South Africa based crypto-driven solar power platform raised $3m in Series A financing led by the Africa Renewable Power Fund.

“You as an individual are selling electricity to a school in South Africa, via a solar panel you bought through the Sun Exchange,”...…

Read More…

Trade finance fintech Stenn upsizes core finance program to $500m

UK based provider of trade finance solutions secured additional funding from Barclays Bank, Coface SA, and Crayhill Capital Management LP.

"We're seeing supply chains at risk of breaking down due to the coronavirus pandemic. Companies had to deplete liquidity reserves to get...…

Read More…

Voice communication and analytics platform Cloud9 raised $17.5m

New York based voice communication and analytics platform raised $17.5m in Series B funding led by UBS.

"Our decision to invest in and partner with Cloud9 makes sense for many reasons. Not only are we committed to equipping our own traders...…

Read More…

New Chicago futures exchange, The Small Exchange, raised $4m

Chicago based futures exchange raised $4m in additional funding from Interactive Brokers and Phillip Capital Group.

"The investment will enable the Small Exchange to invest in its operations and expand its offering including additional futures products...…

Read More…

New York startup Hyperscience raises $60m in bid to become automation software’s next breakout

New York based robotic process automation startup raised $60m in a Series C funding round led by Bessemer Venture Partners.

It’s an argument that raises a larger philosophical question about software: are all jobs created equal? Is a local job lost more...…

Read More…

Anvil Secures $5m Series A To Make Traditional Paperwork A Thing Of The Past

San Francisco based digital paperwork platform raised $5m in Series A funding led by Gradient Ventures.

“It’s like TurboTax for any kind of paperwork,” Mang-Git Ng, Anvil’s co-founder and CEO said in an interview. “Once you create the web...…

Read More…

Decentralized identity management platform Magic launches from stealth with $4m

San Francisco based decentralized identity solution raised $4m in a Seed funding led by Placeholder.

“One big difference that we have compared with something like Medium, is if you’re trying to log into your laptop and click on the link...…

Read More…

Lili raises $10m for its freelancer banking app

New York based freelancer banking app raises $10m in Seed funding led by Group 11.

More broadly, she suggested that no traditional banking solutions are really designed to solve the problems faced by freelancers —...…

Read More…

Mobile banking startup Varo Money raises $241m

San Francisco based licensed challenger bank raised $241m in Series D funding co-led by Gallatin Point Capital and The Rise Fund.

“Trends we did not expect to see for 10 years are happening now,” Colin Walsh, co-founder and chief executive officer of Varo, said in a...…

Read More…

Appway raises $37m, its first-ever funding, for financial customer management tools

Switzerland based service management tools company raised $37m in growth funding from Summit Partners.

“Unlike general purpose low-code development platforms, Appway seeks to address core pain points in the financial services industry by...…

Read More…

ESG investing outperforms during COVID-19 selloff

Amid heightened volatility in the first quarter, sustainable companies were able to provide a level of downside protection.

The data presented in the article shows returns by MSCI ESG ratings. These ratings rank a company based on how it performs relative to...…

Read More…

As a free user, you can like posts.

To repost this post to your own Passle blog, you will need to upgrade your account.

For plans and pricing, please contact our sales team at sales@passle.net

Sorry, you don't have permission to repost or create posts.

Repost successful!

View the repost

Something went wrong whilst reposting - please try again.

Sorry - this is not an option. This post already exists in the Passle you have selected.

Try reposting to another Passle.